18 Jul WHAT WOULD WE EXPECT THE AVERAGE DAILY SPENDING IN THE VILLAGE
What would we expect the average daily spending in the village to be over the course of the next season?
Val d’Costa is a world famous ski village in the French Alps. Because of its popularity, the 1400 hotel beds in the village are always fully booked during the winter season. Skiers stay in Val d’Costa for 10 days on average. (Assume one bed, one skier.)a. (5 points) How many new skiers arrive each day, on average, to the village?b. (3 points) For next season, due to economic conditions, the average stay is expected to decline to only 6 days, and there will be, on average, only 800 beds occupied each week. For next season then, how many new skiers would we expect to arrive each day, on average, to the village?c. (2 points) A marketing study showed that next season skiers will spend in local shops an average of $1000 per person over the course of their stay. What would we expect the average daily spending in the village to be over the course of the next season?
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